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I don't believe it is possible. I've considered alternate ways of leveraging this. Right now the Australian dollar is supposedly propped up high by selling comm
by markkat 16y ago
I don't believe it is possible. I've considered alternate ways of leveraging this. Right now the Australian dollar is supposedly propped up high by selling commodities to China: http://www.ibtimes.com/articles/128654/20110330/australian-dollar-all-time-high.htm http://www.ibtimes.com/articles/128654/20110330/australian-d... That seems one way for a non-Chinese investor to put chips on that number.
Geez investing is so cynical. :/
- klenwell 16y agoAnybody know what Michael Burry's up to these days?
- jacques_chester 16y agoYou could also short our two big mining companies, BHP Billiton and Rio Tinto.
- bioh42_2 16y agoBut most of China's raw materials importing is driven by their huge expert market, how would a collapse of domestic spending affect that? Isn't it everyone else that's buying Chinese goods that's driving the demand for resources?
- jacques_chester 16y agoChina already has a large and fast-growing domestic market. Insofar as they want to build apartment blocks and manufacture cars for Chinese consumers, the Chinese need steel. For that they need iron ore, and for iron ore Australia and Brazil are the main sources.